The rent prices in real estate in Cleveland, in the Ohio region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Cleveland has had a strong fall during the last 6 months. In July, the average price per sq.feet was $3.75. In the following month the price per sq.feet fell considerably to $1.01. The price for the following two months in (September, October) had a considerable fall of 51 with regard to the previous two months. The price per sq.feet has had a considerable fall of 68 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.8 to $1.22 during November, and December.
When referring to the price in Cleveland (cities), this has risen considerably in the last 6 months. The rent price in July is $937, rising in August till $1,009. During the following two months (September, October) the average price had a considerable rise of 117 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,056.75 and $1,058 between November and December.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,090 they are 17 % more affordable than the average price for Cleveland . The properties with the lowest average price have 2 bedrooms, Their price is 1 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,051.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.83 / sq.feet, with an average $1.14 / sq.feet price in Cleveland. The properties with the most expensive average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.12 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,090 it is 32 % more affordable than the average price in Cleveland. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,047 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $1.25 / sq.feet followed by "Office" priced at $8 / sq.feet. "Office" is the most expensive type of property with a $8 / sq.feet value followed by "House" with an average price of $1.25 / sq.feet.